Final good

A consumer good or final good is any commodity that is produced or consumed by the consumer to satisfy current wants or needs. Consumer goods are ultimately consumed, rather than used in the production of another good. For example, a microwave oven or a bicycle that is sold to a consumer is a final good or consumer good, but the components that are sold to be used in those goods are intermediate goods. For example, textiles or transistors can be used to make some further goods.

When used in measures of national income and output, the term "final goods" includes only new goods. For instance, the GDP excludes items counted in an earlier year to prevent double counting of production that is based on resales of the same item. In that context, the economic definition of goods includes what are commonly known as services.

Manufactured goods are goods that have been processed in any way. As such, they are the opposite of raw materials, but they include intermediate goods as well as final goods.

Law

There are legal definitions. For example, the United States Consumer Product Safety Act has an extensive definition of consumer product, which begins:

CONSUMER PRODUCT.--The term ‘‘consumer product’’ means any article, or component part thereof, produced or distributed (i) for sale to a consumer for use in or around a permanent or temporary household or residence, a school, in recreation, or otherwise, or (ii) for the personal use, consumption or enjoyment of a consumer in or around a permanent or temporary household or residence, a school, in recreation, or otherwise; but such term does not include—
(A) any article which is not customarily produced or distributed for sale to, or use or consumption by, or enjoyment of, a consumer,

It then goes on to list eight additional specific exclusions and further details.[1]

Durability

Consumer durable goods usually have a significant lifespan, which tends to be at least one year, based on the guarantee or warranty period. The maximum life depends upon the durability of the product or good. On the other hand, capital goods, which are tangible in nature, such as machinery or building or any other equipment that can be used in manufacturing of final product, are durable goods with limited lifespans that are determined by manufacturers before their sale. The longevity and the often-higher cost of durable goods usually cause consumers to postpone expenditures on them, which makes durables the most volatile (or cost-dependent) component of consumption.

Consumer nondurable goods are purchased for immediate use or for use very soon. Generally, the lifespan of nondurable goods is from a few minutes to up to three years: food, beverages, clothing, shoes and gasoline are examples.

Consumer services are the intangible in nature. They cannot be seen, felt or tasted by the consumer but still give satisfaction to the consumer. They are also inseparable and variable in nature: they are thus produced and consumed simultaneously. Examples are haircuts, auto repairs and landscaping.

Buying habits

Final goods can be classified into the following categories, which are determined by the consumer's buying habits:

Convenience goods

Convenience goods are regularly consumed and easily available. Generally, convenience goods come in the category of nondurable goods such as fast foods, cigarettes and tobacco with low value. Convenience goods are sold mostly by wholesalers or retailers to make them available to the consumers in good or large volume. Convenience goods can further be divided into staple convenience consumer goods and impulse convenience consumer goods.

Staple convenience consumer goods are the basic necessities of the consumer. These goods are easily available and in large quantity: milk, bread, sugar, etc.

Impulse convenience consumer goods do not belong to the priority list of the consumer. They are purchased without any prior planning, just on the basis of the impulse: potato wafers, candies, ice creams, cold drinks, etc.

Shopping consumer goods

Shopping consumer goods are the goods which take lot of time and proper planning before making purchase decision; in this case consumer does a lot of selection and comparison based on various parameters such as cost, brand, style, comfort etc., before buying an item. Shopping goods are costlier than convenience goods and are durable in nature. Consumer goods companies usually try to set up their shops and show rooms in active shopping area to attract customer attention and their main focus is to do lots of advertising and promotion so that to attract more customer.

Specialty consumer goods

Specialty goods are unique in nature; these are unusual and luxurious items available in the market. Specialty goods are mostly purchased by the upper class of the society as they are expensive in nature and difficult to be afforded by middle or lower-class people. Companies advertise their goods targeting the upper class. These goods do not fall under the category of necessity; rather they are purchased on the basis personal preference or desire. Brand name, uniqueness, and special features of an item are major attributes which attract customers and make them buy such products.

Examples include antiques, jewelry, wedding dresses, cars, etc.

Unsought consumer goods

Unsought goods neither belong to the necessity group of consumer goods list nor to specialty goods. They are always available in the market but are purchased by very few consumers, either based on their interest or their need for some specific reasons. The general public does not purchase such goods often.

Mergers and acquisitions

In the consumer product sector, there have been 107,891 deals announced between 1985 and 2018, which cumulates to a total value of around US$5,835 billion. 2007 was the year with the largest value (US$4,888 billion) followed by a steep slump in 2009 (-70.9%).[2] After the first wave in 2007, now is the second big M&A wave in the consumer products sector, and a decline is expected.

The 2017 Boylesports Irish Greyhound Derby took place during August and September with the final being held on 23 September at Shelbourne Park.The prize money on offer was be €240,000 of which €150,000 went to the winner Good News, trained by Patrick Guilfoyle, owned by Sandra Guilfoyle and Mary Kennedy and bred by John Kennedy. The competition was sponsored by Boylesports.

Baruch Spinoza (; Dutch: [baːˈrux spɪˈnoːzaː]; born Benedito de Espinosa, Portuguese: [bɨnɨˈðitu ðɨ ʃpiˈnɔzɐ]; 24 November 1632 – 21 February 1677, later Benedict de Spinoza) was a Jewish-Dutch philosopher of Portuguese Sephardi origin. By laying the groundwork for the Enlightenment and modern biblical criticism, including modern conceptions of the self and the universe, he came to be considered one of the great rationalists of 17th-century philosophy. Along with René Descartes, Spinoza was a leading philosophical figure of the Dutch Golden Age. Spinoza's given name, which means "Blessed", varies among different languages. In Hebrew, it is written ברוך שפינוזה‬. His Portuguese name is Benedito "Bento" de Espinosa or d'Espinosa. In his Latin works, he used Latin: Benedictus de Spinoza.

Spinoza was raised in a Portuguese-Jewish community in Amsterdam. He developed highly controversial ideas regarding the authenticity of the Hebrew Bible and the nature of the Divine. Jewish religious authorities issued a herem (חרם‬) against him, causing him to be effectively shunned by Jewish society at age 23. His books were also later put on the Catholic Church's Index of Forbidden Books.

Spinoza lived an outwardly simple life as an optical lens grinder, collaborating on microscope and telescope lens designs with Constantijn and Christiaan Huygens. He turned down rewards and honours throughout his life, including prestigious teaching positions. He died at the age of 44 in 1677 from a lung illness, perhaps tuberculosis or silicosis exacerbated by the inhalation of fine glass dust while grinding lenses. He is buried in the churchyard of the Christian Nieuwe Kerk in The Hague.Spinoza's magnum opus, the Ethics, was published posthumously in the year of his death. The work opposed Descartes' philosophy of mind–body dualism, and earned Spinoza recognition as one of Western philosophy's most important thinkers. In it, "Spinoza wrote the last indisputable Latin masterpiece, and one in which the refined conceptions of medieval philosophy are finally turned against themselves and destroyed entirely". Georg Wilhelm Friedrich Hegel said, "The fact is that Spinoza is made a testing-point in modern philosophy, so that it may really be said: You are either a Spinozist or not a philosopher at all." His philosophical accomplishments and moral character prompted Gilles Deleuze to name him "the 'prince' of philosophers."

Chelsea is an affluent area of South West London, bounded to the south by the River Thames. Its frontage runs from Chelsea Bridge along the Chelsea Embankment, Cheyne Walk, Lots Road and Chelsea Harbour. Its eastern boundary was once defined by the River Westbourne, which is now in a pipe above Sloane Square Underground station. The modern eastern boundary is Chelsea Bridge Road and the lower half of Sloane Street, including Sloane Square. To the north and northwest, the area fades into Knightsbridge and Brompton, but it is considered that the area north of King's Road as far northwest as Fulham Road is part of Chelsea.

The district is entirely within the Royal Borough of Kensington and Chelsea, although Chelsea gives its name to nearby locations, such as Chelsea Harbour located within the London Borough of Hammersmith and Fulham, and Chelsea Barracks in the City of Westminster. From 1900, and until the creation of Greater London in 1965, it formed the Metropolitan Borough of Chelsea in the County of London.

The exclusivity of Chelsea as a result of its high property prices has historically resulted in the term Sloane Ranger being used to describe its residents. Since 2011, Channel 4 has broadcast a reality television show called Made in Chelsea, documenting the lives of affluent young people living there. Moreover, Chelsea is home to one of the largest communities of Americans living outside the United States, with 6.53% of Chelsea residents being born in the U.S.

The industry of the Soviet Union was usually divided into two major categories. Group A was "heavy industry," which included all goods that serve as an input required for the production of some other, final good. Group B was "consumer goods" (final goods used for consumption), including food, clothing and shoes, housing, and such heavy-industry products as appliances and fuels that are used by individual consumers. From the early days of the Stalin era, Group A received top priority in economic planning and allocation so as to industrialize the Soviet Union from its previous agricultural economy.

De finibus bonorum et malorum ("On the ends of good and evil") is a philosophical work by the Roman orator, politician and philosopher Marcus Tullius Cicero. It consists of five books, in which Cicero explains the philosophical views of Epicureanism, Stoicism, and the Platonism of Antiochus of Ascalon. The book was developed in the summer of the year 45 BC, and was written over the course of about one and a half months. Together with the Tusculanae Quaestiones written shortly afterwards, De finibus is the most extensive philosophical work of Cicero. It is dedicated to Marcus Junius Brutus.

In graphic design, Lorem ipsum, a commonly used placeholder text, is based on De finibus. The placeholder text is taken from parts of the first book's discourse on hedonism. Words of the original text have been altered, added, and removed in Lorem ipsum to make it nonsensical, improper Latin.

In economics, derived demand is demand for a factor of production or intermediate good that occurs as a result of the demand for another intermediate or final good. In essence, the demand for, say, a factor of production by a firm is dependent on the demand by consumers for the product produced by the firm.

This is similar to the concept of joint demand or complementary goods, the quantity consumed of one of them depending positively on the quantity of the other consumed.

Discount points, also called mortgage points or simply points, are a form of pre-paid interest available in the United States when arranging a mortgage. One point equals one percent of the loan amount. By charging a borrower points, a lender effectively increases the yield on the loan above the amount of the stated interest rate. Borrowers can offer to pay a lender points as a method to reduce the interest rate on the loan, thus obtaining a lower monthly payment in exchange for this up-front payment. For each point purchased, the loan rate is typically reduced by anywhere from 1/8% (0.125%) to 1/4% (0.25%).Selling the property or refinancing prior to this break-even point will result in a net financial loss for the buyer while keeping the loan for longer than this break-even point will result in a net financial savings for the buyer. The longer you keep the property financed under the loan with purchased points, the more the money spent on the points will pay off. Accordingly, if the intention is to buy and sell the property or refinance in a rapid fashion, paying points is actually going to end up costing more than just paying the loan at the higher interest rate.Points may also be purchased to reduce the monthly payment for the purpose of qualifying for a loan. Loan qualification based on monthly income versus the monthly loan payment may sometimes only be achievable by reducing the monthly payment through the purchasing of points to buy down the interest rate, thereby reducing the monthly loan payment.

Discount points may be different from origination fee, mortgage arrangement fee or broker fee. Discount points are always used to buy down the interest rates, while origination fees sometimes are fees the lender charges for the loan or sometimes just another name for buying down the interest rate. Origination fee and discount points are both items listed under lender-charges on the HUD-1 Settlement Statement.

The difference in savings over the life of the loan can make paying points a benefit to the borrower. If you intend to stay in your home for an extended period of time, it may be worthwhile to pay additional points in order to obtain a lower interest rate. Any significant changes in fees should be re-disclosed in the final good faith estimate (GFE).

Also directly related to points is the concept of the 'no closing cost loan', in which the consumer accepts a higher interest rate in return for the lender paying the loan's closing costs up front. In some cases a purchaser can negotiate with the seller to get them to pay seller's points which can be used to pay mortgage points.

Hialeah ( ) is a city in Miami-Dade County, Florida, United States. With the population of 224,669 at the 2010 census, Hialeah is the sixth-largest city in Florida. It is a principal city of the Miami metropolitan area, which was home to an estimated 6,012,331 people at the 2015 census. It is located west-northwest of Miami, and is the only place in the county, other than Homestead, Florida, to have its own street grid numbered separately from the rest of the county (which is otherwise based on Miami Avenue at Flagler Street in downtown Miami, the county seat).

Hialeah has the highest percentage of Cuban and Cuban American residents of any city in the United States, at 73.37% of the population, making them a typical and prominent feature of the city's culture.

Hialeah also has one of the largest Spanish-speaking communities in the country. In 2016, 96.3% of residents reported speaking Spanish at home, and the language is an important part of daily life in the city.

Hialeah is served by the Miami Metrorail at Okeechobee, Hialeah, and Tri-Rail/Metrorail Transfer stations. The Okeechobee and Hialeah stations serve primarily as park-and-ride commuter stations to commuters and residents going into Downtown Miami, and Tri-Rail station to Miami International Airport and north to West Palm Beach.

Intermediate goods or producer goods or semi-finished products are goods, such as partly finished goods, used as inputs in the production of other goods including final goods. A firm may make and then use intermediate goods, or make and then sell, or buy then use them. In the production process, intermediate goods either become part of the final product, or are changed beyond recognition in the process.

This means Intermediate goods are sold among industries for resale.

Intermediate goods are not counted in a country's GDP, as that would mean double counting, as the final product only should be counted, and the value of the intermediate good is included in the value of the final good.

If intermediate goods are included in GDP, these goods will be counted in the calculation of GDP, which leads to the imprecise result. Therefore, the value-added method can be used to calculate intermediate goods in GDP. This approach counts every phase of processing included in production of final goods.

Characterization of intermediate goods as physical goods can be misleading, since, in advanced economies, about half of the value of intermediate inputs consist of services.Intermediate goods generally can be used in three different ways. The first way, a company makes and uses its own intermediate goods. The second way, a company manufactures internediate goods and sell them to others. The last way, a company buys intermediate goods to produce either secondary intermediate goods or final goods.

Kieron Mark Richardson (born 12 January 1986; Eccles, Greater Manchester) is an English actor and presenter. He plays the role of Ste Hay in Hollyoaks and is best known for his role in Heartbeat as Ricky Smith .

He won "Best Onscreen Partnership" with Hollyoaks co-star Emmett J. Scanlan at the British Soap Awards in 2013.

A monopoly (from Greek μόνος mónos ["alone" or "single"] and πωλεῖν pōleîn ["to sell"]) exists when a specific person or enterprise is the only supplier of a particular commodity. This contrasts with a monopsony which relates to a single entity's control of a market to purchase a good or service, and with oligopoly which consists of a few sellers dominating a market. Monopolies are thus characterized by a lack of economic competition to produce the good or service, a lack of viable substitute goods, and the possibility of a high monopoly price well above the seller's marginal cost that leads to a high monopoly profit. The verb monopolise or monopolize refers to the process by which a company gains the ability to raise prices or exclude competitors. In economics, a monopoly is a single seller. In law, a monopoly is a business entity that has significant market power, that is, the power to charge overly high prices. Although monopolies may be big businesses, size is not a characteristic of a monopoly. A small business may still have the power to raise prices in a small industry (or market).A monopoly is distinguished from a monopsony, in which there is only one buyer of a product or service; a monopoly may also have monopsony control of a sector of a market. Likewise, a monopoly should be distinguished from a cartel (a form of oligopoly), in which several providers act together to coordinate services, prices or sale of goods. Monopolies, monopsonies and oligopolies are all situations in which one or a few entities have market power and therefore interact with their customers (monopoly or oligopoly), or suppliers (monopsony) in ways that distort the market.Monopolies can be established by a government, form naturally, or form by integration.

In many jurisdictions, competition laws restrict monopolies. Holding a dominant position or a monopoly in a market is often not illegal in itself, however certain categories of behavior can be considered abusive and therefore incur legal sanctions when business is dominant. A government-granted monopoly or legal monopoly, by contrast, is sanctioned by the state, often to provide an incentive to invest in a risky venture or enrich a domestic interest group. Patents, copyrights, and trademarks are sometimes used as examples of government-granted monopolies. The government may also reserve the venture for itself, thus forming a government monopoly.Monopolies may be naturally occurring due to limited competition because the industry is resource intensive and requires substantial costs to operate.

Murder on Flight 502 is a 1975 American television film directed by George McCowan. The film stars Robert Stack, Sonny Bono and Farrah Fawcett-Majors, along with an all-star ensemble television cast in supporting roles.

"Over the Rainbow" is episode 20 of season 2 in the television show Angel, originally broadcast on the WB network. This episode begins immediately where the previous ends: Cordelia has been inadvertently sucked into a dimensional portal. She ends up as a slave in an alternate world called Pylea, until her owners learn of her precognitive visions. Back in Los Angeles, Angel, Wesley and the Host attempt to rescue Cordelia, while Gunn discovers he has alienated his old street gang.

Run Lola Run (German: Lola rennt) is a 1998 German thriller film written and directed by Tom Tykwer, and starring Franka Potente as Lola and Moritz Bleibtreu as Manni. The story follows a woman who needs to obtain 100,000 Deutsche Mark in twenty minutes to save her boyfriend's life. The film was released on DVD on 21 December 1999 and on Blu-ray on 19 February 2008.

Run Lola Run screened at the Venice Film Festival, where it competed for the Golden Lion. Following its release, the film received critical acclaim and several accolades, including the Grand Prix of the Belgian Syndicate of Cinema Critics, the Audience Award at the Sundance Film Festival, Best Film at the Seattle International Film Festival, and seven awards at the German Film Awards. It was also selected as the German entry for the Best Foreign Language Film at the 71st Academy Awards, though it was not ultimately nominated.

Transport economics is a branch of economics founded in 1959 by American economist John R. Meyer that deals with the allocation of resources within the transport sector. It has strong links to civil engineering. Transport economics differs from some other branches of economics in that the assumption of a spaceless, instantaneous economy does not hold. People and goods flow over networks at certain speeds. Demands peak. Advance ticket purchase is often induced by lower fares. The networks themselves may or may not be competitive. A single trip (the final good, in the consumer's eyes) may require the bundling of services provided by several firms, agencies and modes.Although transport systems follow the same supply and demand theory as other industries, the complications of network effects and choices between dissimilar goods (e.g. car and bus travel) make estimating the demand for transportation facilities difficult. The development of models to estimate the likely choices between the goods involved in transport decisions (discrete choice models) led to the development of an important branch of econometrics, as well as a Nobel Prize for Daniel McFadden.

In transport, demand can be measured in number of journeys made or in total distance traveled across all journeys (e.g. passenger-kilometers for public transport or vehicle-kilometers of travel (VKT) for private transport). Supply is considered to be a measure of capacity. The price of the good (travel) is measured using the generalised cost of travel, which includes both money and time expenditure.

The effect of increases in supply (i.e. capacity) are of particular interest in transport economics (see induced demand), as the potential environmental consequences are significant (see externalities below).

Victor Edwin French (December 4, 1934 – June 15, 1989) was an American actor and director. He is remembered for roles on the television programs Little House on the Prairie, Highway to Heaven and Carter Country.

Wassily Wassilyevich Leontief (Russian: Василий Васильевич Леонтьев; August 5, 1905 – February 5, 1999), was a Russian-American economist known for his research on input-output analysis and how changes in one economic sector may affect other sectors.

Leontief won the Nobel Committee's Nobel Memorial Prize in Economic Sciences in 1973, and four of his doctoral students have also been awarded the prize (Paul Samuelson 1970, Robert Solow 1987, Vernon L. Smith 2002, Thomas Schelling 2005).

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